The Cosmos value prediction is seen breaking above the $10 resistance stage as ATOM trades bullishly above the shifting averages.
Cosmos Prediction Statistics Information:
- Cosmos value now – $10.1
- Cosmos market cap – $2.Eight billion
- Cosmos circulating provide – 286.Three million
- Cosmos Coinmarketcap rating – #21
Resistance ranges: $14, $15, $16
Assist ranges: $8, $7, $6
ATOM/USD is seen refreshing to a brand new each day excessive because the coin heads to the upside to commerce near the resistance stage of $12. In the meantime, the coin is at present buying and selling at $10.1 with a bullish motion above the 9-day and 21-day shifting averages. Within the meantime, if the coin slides beneath the shifting averages, sellers might return to the market, however the bulls are prone to acquire extra on the value dips.
Cosmos Value Prediction: Cosmos (ATOM) Might Acquire Extra Uptrends
The Cosmos price can solely start the upward motion if the newly touched $10.11 resistance stage is maintained in any respect prices. For the time being, the technical indicator Relative Power index (14) is crossing above the 60-level because the sign line factors to the north to encourage extra consumers. Nonetheless, Cosmos (ATOM) can now start to keep up the uptrend as quickly because the coin crosses above the higher boundary of the channel.
Nonetheless, if the crimson line of the 9-day MA stays above the inexperienced line of the 21-day MA, the Cosmos value might carry out nicely and will attain the resistance ranges at $14, $15, and $16 respectively. In the meantime, if the market value slides and faces the south, there could also be a bearish drop which might roll the coin right down to the assist ranges of $8, $7, and $6 respectively.
In opposition to Bitcoin, the Cosmos value is hovering above the 9-day and 21-day shifting averages as the value touches the each day excessive at 6189 SAT. Nonetheless, the technical indicator Relative Power Index (14) is crossing into the overbought area because the coin goals for extra uptrends.
Furthermore, the potential resistance stage is positioned at 7300 SAT and above, however a decrease sustainable transfer might cancel the bullish motion and will entice new sellers coming into the market with the following concentrate on the assist stage of 5100 SAT and beneath.
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